D&O (Directors and Officers)
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The offering will provide D&O, professional indemnity/errors and omissions, crime and cyber cover. -
The company has exited some transactional liability and commercial D&O business.
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Plus the latest people moves and all the top news of the week.
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A resurgence in IPO activity may help provide new business for underwriters and reduce competition.
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The MGA said there was a “notable imbalance” between supply and risk exposure in the D&O space.
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Uncertainty around court outcomes is almost forcing carriers to settle claims.
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It will take more carriers to rein in income expectations to halt the soft market spiral.
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The D&O class has experienced huge rating volatility over the past four years.
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The firm will specialise in professional liability insurance for SMEs.
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The deal is the D&O MGA’s first acquisition since launching in 2021.
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Securities class actions are a perennial source of claims for D&O insurers.
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Q2 was the ninth consecutive quarter of year-over-year price decreases.
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